The London gold fix is the procedure by which the price of gold is determined twice each business day by the five members of the London Gold Market Fixing Ltd, on the premises of N.M. Rothschild & Sons. This price provides a recognized rate that is used as a benchmark for pricing the majority of gold products and derivatives throughout the world's markets. (from "Wikipedia"). The prices are fixed in US dollars, Pound Sterling, and European euros. With the rapid runup in the price of gold, this analyst is extremely suspicious. Is this market "rigged" like the libor market?

3:31 pm October 24, 2012

H. Craig Bradley wrote:

PRIVATELY HELD GOLD CONFISCATED BY GOVT. AT $3,000/OUNCE

The Federal Government will outlaw and confiscate all privately held gold in the United States long before it ever gets close to even $5,000. President Franklin Delano Roosevelt did it in 1933 and President Obama is likely to do it for similar reasons. They can.

8:17 pm October 24, 2012

we have time wrote:

S&P at 1200 at time oct 1999, it reached 1500 twice in y2k 6 months apart below it went down

1:56 pm October 25, 2012

BullionVsDow wrote:

The writer's first line gives away his bias. Recent? Gold's bull run is not "recent" but has run some 12 years. And the DOW's relationship to gold is damning. As noted by Louis Woodhill in Forbes, The Real Dow, which is the Dow Jones Industrial Average divided by the price of gold, has declined by 81.0% since August 2000 – the worst economic performance since the Great Depression. Woodhill states that on September 18, 2012 (five days after the announcement of QE3) the Real Dow stood at 7.65%, the same level as it was in August 1951, and then he states that “This means that the disastrous Bush–Obama–Greenspan–Bernanke economic policies have wiped out the real value of 61 years of work, saving, and investing on the part of the American people.” I for one have pre-ordered Barisheff's book, and await its delivery.

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